The National Economic Council has raised alarm that Nigeria’s solid minerals including gold, are being stolen, as it expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover illegal mining. The chairman of the…
Foreign Investors from Washington DC have expressed confidence in Nigeria’s ongoing economic reforms. This was disclosed as various speakers at the Nigeria Investors Forum held on the sidelines of the 2025 WBG/IMF Annual Meetings in Washington D.C., yesterday, spoke. According…
The European Union has approved a €190 million (about N320.5bn) credit line to expand lending to farmers and agribusinesses through Nigerian commercial banks and development finance institutions. The facility was provided by the European Investment Bank and was confirmed in…
Federal Government is in advanced talks with China’s Export-Import Bank for a $2 billion loan to build a new electricity super grid designed to tackle Nigeria’s long-standing power supply challenges. According to Bloomberg, the proposed grid project aims to strengthen…
The Central Bank of Nigeria (CBN) has introduced new operational guidelines for agent banking, setting a ₦1.2 million daily transaction cap per Point-of-Sale (POS) agent and a ₦100,000 daily limit for individual customers. The revised framework, signed by the Director…
Sterling Bank has removed account maintenance fees on all personal accounts as a “declaration of financial independence” for Nigerians. Announcing the development on Wednesday, October 1st, in a statement, the institution said it is a “gift” to Nigerians as the…
The Dangote Petroleum Refinery has suspended the sale of petrol in naira. The decision which comes amid escalating disputes at the refinery, where labour unions have accused management of sacking more than 800 Nigerian workers. Newsmaxng reported that Dangote refinery…
The management of Dangote Petroleum Refinery has discharged its Nigerian workers from their duties. This was shared on X on Wednesday by a political commentator, Imran Wakili. According to him, “Dangote Refinery has officially laid off all of its Nigerian…
United States President Donald Trump on Thursday signed an executive order declaring that his plan is to sell TikTok’s US operations to American and global investors. As reported by Reuters on Friday, the order requires companies bidding for TikTok to…
The European Union on Tuesday demanded Big Tech players, including Apple and Google, explain what action they are taking against financial scams online, as Brussels seeks to show it is not shying away from enforcing its rules. The European Commission…
